Bipartisan Bill Would Bring $1.5 Billion to Spur New Housing

Bloomberg, Mar. 24, 2021–Kriston Capps
On March 23, Minnesota Senator Amy Klobuchar, with fellow Democratic Senator Tim Kaine of Virginia and Republican Senator Rob Portman of Ohio, will introduce the Housing Supply and Affordability Act. The bipartisan bill would authorize $1.5 billion for federal grants to local governments that commit to increase their supply of local housing, to be distributed over the next five years.